Dallas-based Flowserve to supply pumps to China Petroleum Engineering & Construction for Abu Dhabi pipeline

by PegNews wire

DALLAS — Flowserve Corporation, the Dallas-based provider of flow control products and services for the global infrastructure markets, today announced it has won a contract with an expected value of $85-90 million, to supply a variety of specialty pumps to the China Petroleum Engineering and Construction Corporation (CPECC), which is acting as the engineering contractor for the International Petroleum Investment Company (IPIC) to build the Abu Dhabi Crude Oil Pipeline (ADCOP).

Photo not provided by Flowserve, China

Negotiations were tense, hilarious

The ADCOP will run from the Habshan in Abu Dhabi to the port of Fujairah. The design capacity of the 360-kilometer (223-mile) pipeline is 1.5 million barrels of oil per day.

“We are pleased to work with CPECC to supply pumping technology for the Abu Dhabi pipeline, and are very proud that Flowserve products were selected for this important project,” said Flowserve Pump Division President Tom Ferguson. “The trust that CPECC has put in Flowserve to be the pump supplier for this major project is a clear example of how we continue to be recognized as a leading global provider of petroleum-related pumping systems and technology.”

"This order is representative of the continued broad strength we are seeing in our global infrastructure markets across our product lines and served industries,” said Flowserve President and CEO Lewis Kling. “Our global resources and capabilities continue to deliver the critical technology needed by our customers, allowing us to build a solid foundation for future growth,” added Kling.

ADCOP is intended to eliminate the need for oil tankers to pass through the Straits of Hormuz and allow the tankers to be loaded at the deep water port in Fujairah. The pipeline is expected to save significant transport costs for the oil.

Under this supply agreement, Flowserve will provide a broad range of pumping technology for main oil line, booster duty and tanker loading for the project.

Source: Flowserve Corp.